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Digital X said in a regulatory filing on Oct. 12 that it plans to sell part of its Bitcoin and Ethereum holdings from Oct. 15 through Dec. 31.
According to the filing, the company plans to sell 112 BTC and 800 ETH. The estimated value of the planned sale was 15.37488 billion won ($11.2 million) based on the Oct. 11 closing price. Digital X said the proceeds will be used to cover operating expenses, including labor costs. The company did not disclose specific sale timing or lot sizes.